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The Minister of Economy of Argentina yields to the pressure of Kirchnerism and submits his resignation

2022-07-02T21:51:47.961Z

Martín Guzmán, one of the last ministers to respond to President Fernández, leaves the Argentine Government mired in a serious political crisis



The Argentine president greets Martín Guzmán, now former Minister of Economy, on June 6.AGUSTIN MARCARIAN (REUTERS)

The Minister of Economy of Argentina, Martín Guzmán, presented his resignation this Saturday.

His departure is a blow with unforeseeable political consequences for the president, Alberto Fernández, who had handed over the fate of his management to the success of the economic plan of his now former minister.

The president also loses one of the last members of the Cabinet who responded to him without nuances, in the midst of the political war that he maintains with his vice president, Cristina Fernández de Kirchner.

Since the agreement with the IMF in January of this year, Kirchnerism has been asking for the head of Guzmán, whom it accused of having condemned the country to a harsh fiscal adjustment, aggravating the economic crisis and squandering the electoral options of the ruling party in the general elections of 2023.

While Guzmán presented his resignation with a seven-page letter on social networks, Kirchner was speaking at a ceremony to commemorate the 48th anniversary of the death of Juan Domingo Perón, the founder of Peronism.

The minister was the favorite target of the vice president and the political sector that she leads within the government alliance.

This afternoon, he told hundreds of people that "the fiscal deficit is not responsible for inflation."

It was a direct shot at the minister's management, who agreed with the IMF to reach the balance of public accounts in 2024, but he could do little until now to reduce the rise in the CPI, which this year will be around 70%.

Fernández had supported Guzmán in his charge as if in a trench, while Kirchnerism attacked.

Nobody expected his resignation, despite the fact that the tension had already become unsustainable.

"The first time I spoke to Argentina as the Nation's Minister of Economy, I said that our objective was to reassure the economy," Guzmán wrote in the resignation letter he sent to the president and can be read on his social networks.

“This concept may not generate much enthusiasm for several, but it always seemed to me (and it seems to me) that reassuring the economy would constitute a true epic,” he added, referring to the requests of Kirchnerism for more public spending and monetary issue as a weapon to reactivate the economy.

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Source: elparis

All news articles on 2022-07-02

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